Trump and James square off with dueling charges
Donald Trump is now officially in a high-stakes feud with New York Attorney General Letitia James.
James already has her first win against Trump, but now they are going at it again in two separate cases.
The Fraud Case
James won the first round against the president in, forgive the pun, one of the most trumped-up cases I have ever seen.
Had the fraud charges been levied against anyone else, it would likely have resulted in a fine and a slap on the wrist, rather than a case that ended with a judgment of more than $400 million and penalties.
I still believe that Trump will, at the very least, have the decision lowered, as Judge Engoron had clearly made up his mind before he ever heard a single piece of evidence in the courtroom.
That case continues to work its way through the appeals process.
James Reviewing Insider Trading Allegations
After Trump started this tariff war, he decided to post on Truth Social that it was a good time to make some money.
Later that day, Trump paused some of the tariffs, and the market saw the biggest upswing in its history, which Dems jumped all over, saying that Trump was guilty of insider trading, more or less alerting his friends that the tariffs were going to be lifted and to jump into the market.
James then announced that her office was in the initial stages of an investigation into possible insider trading, which Democrats applauded.
For instance, Senator Warren (D-MA) stated, "It’s entirely appropriate to have an investigation to make sure that Donald Trump, Donald Trump’s family, Donald Trump’s inner circle, didn’t get advance information and trade on that information.”
Trump Out for Revenge
Trump’s DOJ fired a shot of its own, announcing that James was under investigation for possible mortgage fraud.
The Federal Housing Finance Agency (FHFA) has referred its case to the DOJ on Tuesday, claiming that James had a property in Virginia that she was claiming as her primary residence as well as having a five-unit structure in New York that she claimed was only a four-unit structure, which the agency said would have been done to get more favorable loan conditions (sound familiar?).
There is another report floating around that claims James had listed her father on her documentation as her spouse. (Since she is an elected official in New York, her primary residence must be in New York, not Virginia).
The irony in all of this is that if the allegations are true, James will go down for the very same thing she took Trump down for in his fraud case. Legal expert Jonathan Turley, who you all know is my “guy” when it comes to legal assessment, seems to think the case is pretty open and shut against her, and I really hope he is right. To see her go down in flames like this would make my day, and I am sure Trump will get a good chuckle out of it as well. Sadly, rather than treat the case like a fraud case, the media has already decided to call it a revenge prosecution by Trump’s DOJ.